Just days before he will become BP’s new CEO, Bob Dudley has already begun to shake-up senior management. BP announced that upstream chief Andy Inglis will leave the company. In a statement, BP also announced that the company will create a safety division to “oversee and audit the company’s operations around the world.” Kenneth Freeman, Dean of the School of Management, gives his view on the shake-up and its impact on BP.
“As in personal relations, trust is more readily lost than regained in business. BP’s moves are vital first first steps.
“Incentives and rewards throughout the company will need to be closely aligned to drive the desired culture change. In particular, maintaining and asserting a consistent and emphatic message and tone at the top will spell the difference between success and failure in transforming and sustaining the desired culture.”
Contact Kenneth Freeman, 671-358-6170, firstname.lastname@example.org